Institutional Crypto Services Firm BCB Group Acquires Digital Asset Shop LAB577

Posted on by American Coins & Gold

Institutional Crypto Services Firm BCB Group Acquires Digital Asset Shop LAB577
BCB Group, a cryptocurrency trading and payments services firm aimed at institutions, has acquired LAB577, a blockchain and digital assets shop launched by a group of former NatWest bank software engineers. The financial terms of the deal were not disclosed.Both these U.K. firms have collaborated in the past, exploring ways their respective infrastructure plays could connect. On the LAB577 side, the Digital Asset Shared Ledger brought bitcoin and ether onto the permissioned Corda Network, which was further facilitated by the BCB Liquidity Interchange Network Consortium, a kind of SWIFT alternative for instant crypto-cash settlement.“We’ve taken different angles in building infrastructure,”…